YTL may  risefurther  if it can stay above  the broken resistance level.  We highlighted  this stock late last month  in view of its potentialto scale higher, and it has moved favourably since. It appears to have  hit  a new resistance after breaking above the 5-year high of RM1.75 as it has beenmoving sideways for the past 3 weeks. Nonetheless, the uptrend is still alive as the stock closed back aboveRM1.75, ignoring the weak bias from the 'Black Candle' of last Friday.Therefore,  the uptrend  is likely to continue  and  a purchase can be made above RM1.75.  A more conservative trade may be to wait fora close above RM1.80 before entering. A close below the consolidation low ofRM1.65 can be employed as a stop loss, while a tighter stop may  be to opt for yesterday's low of RM1.70 instead. The price target remains atRM2.10, which is the 6-month 'Ascending Triangle' measured move target,although resistance is also expected at the  psychological RM2.00. A closebelow RM1.65 will nullify the upward bias, and if this happens, look for thestock to trade sideways, with strong support expected at RM1.55 and RM1.42.

I-Power may go up if it can stay above the  broken  short-term resistance level. The broad marketrebound in 4Q last year gave IPower  anew lease of life. The stock  startedrallying  in Nov 2011, making a series ofhigher lows along the way. It even set a new 52-week high  last week. The breakout occurred on highvolume, the highest in more than a year, which  suggests firm buyingsupport. The stock pulled back a little yesterday but its upward bias has not dissipatedas it closed right at the resistance at RM0.065. A higher close today shouldconfirm the continuation of the rally, and a position can be initiated if  this happens. A more aggressive trade may beto enter now in anticipation of the price climbing further. A close belowRM0.045, the latest in the series of higher lows, can be employed as  a  stoploss.  The price target is thepsychological RM0.10, with a strong move possibly testing the 2008 and 2009 lowof RM0.12. The stock's upside bias will be nullified should the stop loss  be triggered, which could even signal the endof  its 5-month rally.I-Power may go upif it can  stay above the  broken short-term resistance level. The broad market rebound in 4Q last yeargave IPower  a new lease of life. Thestock  started rallying  in Nov 2011, making a series of higher lowsalong the way. It even set a new 52-week high last week. The breakout occurred on high volume, the highest in morethan a year,  which  suggests firm buying support. The stockpulled back a little yesterday but its upward bias has not dissipated as itclosed right at the resistance at RM0.065. A higher close today should confirmthe continuation of the rally, and a position can be initiated if  this happens. A more aggressive trade may beto enter now in anticipation of the price climbing further. A close belowRM0.045, the latest in the series of higher lows, can be employed as  a  stoploss.  The price target is thepsychological RM0.10, with a strong move possibly testing the 2008 and 2009 lowof RM0.12. The stock's upside bias will be nullified should the stop loss  be triggered, which could even signal the endof  its 5-month rally.

Source: OSK188